All Forum Posts by: Agyei Axum

@Ryan Deasy Cool! Have you just been doing this in Houston? Would love to connect offline Ryan, thanks for the reply. It’s greatly appreciated.

@Frank Wong Thanks Frank. I guess my question is how would you know what properties would work for that investment type? Does it depend on number of rooms? mortgage? square footage? If others are doing it in your area , what would be a reason why it wouldn’t work out for you specifically? Hope that makes sense. I’m new to this, my apologies.

@Ron Gallagher Thanks Ron. Sounds like a pretty solid strategy, i’ll look into that!

@Russell Brazil Thanks for the insight! I just knew they were rare and If I were to pull the trigger , it would most likely have to be off market.

@Ron Gallagher Great story! How did you come up with the numbers for rent? Based off comps? How'd you set that range?

So I’m living in a hot equity market (Washington DC) at the moment and wanted to purchase a multifamily ,2-4 unit, as my first property. The more I research and network, I am coming to the realization that they are almost non-existent unless I want to put up a down payment for 650k+. So, I’ve been researching single family house hacking and how I could possibly take that route. Does anyone have experience with hacking a single family in a hot equity market like DC? What are some factors that are playing in my favor? What are some factors that are not? Can you even cash flow or is that a question you can’t answer without seeing the numbers? (I’m guessing so) What are some factors that come into play when you want to cash flow in an mainly equity market? Cash flow would be great but breaking even with rents is my main goal. Any insight?

Looking to do a sandwich lease option in DC. Is anyone familiar with the lease option market here or in other hot markets? Where would I even find sellers who are willing to do a sandwich lease option ? 

Where would you usually find owners who are willing to agree to lease options / sandwhich leases?

Where are these properties listed?

@Chezaray A. Im also a new investor in DC looking at lease options for a house hack. Looking forward to hearing more responses.

Wow man , this is great. 

Hello all, 

This is my first post here. Ive been listening to the podcast, reading, and shadowing investors for a while now just trying to learn as much as i can. I just graduated college in December and have a decent paying job in IT (65k) that will increase in the near future. I haven't moved out the house yet because i'm saving up for a possible down payment, but i still pay bills etc. A big commercial investor in DC (which is where I live) recommended that I get into the NACA program and house hack in a fourplex. What do you all think about this? The interest rate is crazy low, now down payment....and yes, I know the process is hectic but I know I can do this. Then I hear a lot of people that say screw NACA...so I just wanted to get some more opinions or routes on how to go about this. Thanks.